WaFd, Inc (NASDAQ:WAFD) Shares Acquired by Comerica Bank

Comerica Bank raised its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,804 shares of the bank's stock after acquiring an additional 10,677 shares during the period. Comerica Bank owned approximately 0.08% of WaFd worth $2,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WAFD. Vanguard Group Inc. grew its holdings in shares of WaFd by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank's stock worth $303,701,000 after purchasing an additional 166,931 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in WaFd by 1.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank's stock worth $119,175,000 after buying an additional 42,096 shares during the period. American Century Companies Inc. increased its position in shares of WaFd by 15.3% in the fourth quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank's stock worth $57,196,000 after acquiring an additional 234,977 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of WaFd by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 929,760 shares of the bank's stock valued at $29,975,000 after acquiring an additional 22,716 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of WaFd by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 736,564 shares of the bank's stock valued at $23,747,000 after acquiring an additional 28,849 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Stock Down 0.4 %

WAFD stock traded down $0.11 during midday trading on Friday, hitting $28.93. 568,623 shares of the company's stock were exchanged, compared to its average volume of 530,502. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average price of $27.82 and a 200-day moving average price of $31.12. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.33 and a beta of 0.85. WaFd, Inc has a 12-month low of $23.75 and a 12-month high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The company had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. On average, analysts anticipate that WaFd, Inc will post 2.56 EPS for the current year.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.27 per share. This is an increase from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, February 21st. WaFd's dividend payout ratio is presently 40.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on WAFD shares. Keefe, Bruyette & Woods cut their price objective on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and dropped their target price for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Stephens restated an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a report on Monday, April 14th. Piper Sandler dropped their price objective on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.50.

WaFd Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.